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Nexen Inc (NXY.TO)

PAST TOP PICK
(A Top Pick Oct 23/09. Down 10%.) Have a bunch of interesting assets in exciting parts of the world as well as stable parts. Consistently ranked as one of the cheapest per barrel of oil reserves.
DON'T BUY
Relative to a lot of others in the oil patch don’t look that expensive. They had problems in Long Lake where production is not quite was hoped. Market is expecting them to sell holdings in Connexis. Once that is done it will bolster their balance sheet, but where is the growth going forward?
BUY
(Market Call Minute.) Had a little bit of problem it Long Lake oil sands but as they fix it, stock should recover.
BUY
Has had a lot of trouble with Long Lake. Coming but it's slow. A statistically cheap oily stock that, if it can fix the problem, will have a lot of opportunity. Not fixable in 1 quarter. Trading at a discount to NAV.
HOLD
His model price is $25.50, a 29% upside.
STRONG BUY
All of these types of stocks have gotten trashed lately, particularly with the spill/leak in the Gulf. A global player that does very sophisticated things. There will be a positive snap back in all of these stocks.
HOLD
His model price is $24.87, an 11% upside. It probably goes to $23.40 and stays there for a while.
PAST TOP PICK
(A Top Pick Apr 13/09. Up 9.38%.) Had a little trouble with the Long Lake but still likes.
PAST TOP PICK
(A Top Pick Jan 10/08. Down 32.1%.) This has been a dog. Still owns a little.
BUY
(Market Call Minute.) Cheap and expects it will give acquired by someone for its assets.
TOP PICK
Model price of $29.10 gives a 16% upside. Consensus forecasts for 2011 is $2.79 giving a model price of $43, which is a 71% potential ROE.
DON'T BUY
Oil leveraged oil/gas producer. You need a positive opinion on crude. (She has.) Lagged its peers because of difficulty in meeting production targets in oil sands and the UK. Prefers others such as Cdn Nat Res (CNQ-T) or Crescent Point (CPG-T).
DON'T BUY
Rodney Dangerfield of the Canadian oil patch (no respect). A lot of potential with a lot of properties ripe for exploration but production is probably a few years out needing a Fairmont of capitalization. Low-cost production in the North Sea and oil sands production coming on at Long Lake. Not always successful in execution.
DON'T BUY
(Market Call Minute.) Prefers others in the oil/gas sector. Valuations is not compelling.
PAST TOP PICK
(A Top Pick Apr 13/09. No change.) Have the Long Lake oil sands project and keep having mildly disappointing numbers. Has an asset value of $34. Could be a takeover target. Buying at this price.
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